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True, but it would have to be set up so the referring affiliate got his cut of the membership as well as the individual clips that were sold for download.
The normal paysite model is flawed because savvy surfers will join, rip most of your content and then cancel. They'll wait for a few months until a fresh batch of content is ready to rip again.
It seems that a reduced membership price for stream only would work well providing you offered the downloadable content at a reasonable price. I think you'd also see less theft.
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